$951.30 Million in Sales Expected for Carlisle Companies (CSL) This Quarter

Analysts expect that Carlisle Companies (NYSE:CSL) will post $951.30 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Carlisle Companies’ earnings, with the highest sales estimate coming in at $986.70 million and the lowest estimate coming in at $905.00 million. Carlisle Companies reported sales of $857.30 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 11%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, April 24th.

On average, analysts expect that Carlisle Companies will report full-year sales of $951.30 million for the current financial year, with estimates ranging from $4.26 billion to $4.70 billion. For the next fiscal year, analysts expect that the company will post sales of $4.59 billion per share, with estimates ranging from $4.41 billion to $4.94 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Carlisle Companies.

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Carlisle Companies (NYSE:CSL) last posted its quarterly earnings data on Thursday, February 8th. The conglomerate reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. Carlisle Companies had a return on equity of 13.53% and a net margin of 8.94%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the company earned $1.32 EPS. The firm’s revenue was up 20.0% compared to the same quarter last year.

Several research firms recently commented on CSL. B. Riley set a $125.00 price objective on Carlisle Companies and gave the company a “buy” rating in a research note on Friday, February 9th. Robert W. Baird reduced their price objective on Carlisle Companies from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. SunTrust Banks reissued a “buy” rating and issued a $130.00 price objective on shares of Carlisle Companies in a research note on Friday, February 9th. Finally, Zacks Investment Research raised Carlisle Companies from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Carlisle Companies has a consensus rating of “Buy” and a consensus price target of $124.63.

Several institutional investors and hedge funds have recently modified their holdings of CSL. Sei Investments Co. increased its stake in shares of Carlisle Companies by 18.1% in the 3rd quarter. Sei Investments Co. now owns 27,501 shares of the conglomerate’s stock worth $2,758,000 after acquiring an additional 4,215 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Carlisle Companies by 18.3% in the 3rd quarter. New York State Common Retirement Fund now owns 235,941 shares of the conglomerate’s stock worth $23,663,000 after acquiring an additional 36,500 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Carlisle Companies in the 3rd quarter worth $100,000. TD Asset Management Inc. increased its stake in shares of Carlisle Companies by 21.0% in the 3rd quarter. TD Asset Management Inc. now owns 42,575 shares of the conglomerate’s stock worth $4,270,000 after acquiring an additional 7,400 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Carlisle Companies by 12.7% in the 3rd quarter. Nordea Investment Management AB now owns 21,633 shares of the conglomerate’s stock worth $2,170,000 after acquiring an additional 2,439 shares during the last quarter. 88.01% of the stock is owned by institutional investors and hedge funds.

NYSE CSL traded down $2.91 during mid-day trading on Wednesday, hitting $101.50. The stock had a trading volume of 462,778 shares, compared to its average volume of 482,266. Carlisle Companies has a twelve month low of $92.09 and a twelve month high of $119.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.73 and a current ratio of 2.50. The company has a market cap of $6,451.40, a P/E ratio of 18.55, a P/E/G ratio of 1.08 and a beta of 0.85.

Carlisle Companies announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 6th that authorizes the company to repurchase 5,000,000 shares. This repurchase authorization authorizes the conglomerate to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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About Carlisle Companies

Carlisle Companies Incorporated operates as a diversified manufacturing company. The company's Carlisle Construction Materials segment provides insulation materials; thermoplastic polyolefin, ehtylene propylene diene monomer rubber, and polyvinyl chloride roofing membranes that are used on non-residential low-sloped roofs; roofing accessories, such as flashings, fasteners, sealing tapes, coatings, and waterproofing products; rigid foam insulation panels for roofing applications; and specialty polyurethane products and solutions for various markets and applications.

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Earnings History and Estimates for Carlisle Companies (NYSE:CSL)

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